Retail Space in Peninsula
For Sale
Contact for pricing
4410-5100 Kilgore Ave, Hampton, VA
Retail space available in Hampton's Peninsula Town Center.
Property Size29,666 SF
Lot Size0.76 Acres
Price / SF$117.98
Days on Market536
Property Features for 4410-5100 Kilgore Ave
General Information
Standard status
Active
Size
29,666 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Listing Agency:
Riser Retail Group
Listed By:
John F. Riser · License #RB14036150
(317) 844-0700
Source:
Moodyscre
Added: Mar 29, 2025
Changed: Sep 12
Last Checked: Sep 15 at 10:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Riser Retail Group
Investment Insights
Based on property information with market context.
Located off I-64 at exit 263 (Mercury Boulevard) in Hampton, VA, Peninsula Town Center is a multi-level, open-air, super-regional center. The center features more than 70 specialty retailers, restaurants, luxury apartments, an Element by Westin Hotel, Bryant & Stratton College, professional office spaces, bowling, and a movie theater. The property has 29,666 square feet of retail space available. Peninsula Town Center has 6.6 million annual visits and 1.1 million unique customers, with an 87-minute average shop time.
Key Highlights
- High Traffic Location: Benefit from 6.6 million annual visits and 1.1 million unique customers.
- Diverse Retail and Entertainment: Over 70 retailers, restaurants, a movie theater, and bowling alley provide a wide range of options.
- Luxury Apartments: Enjoy the convenience of on‑site luxury apartments.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$310,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,213,420
$6.2M
Cap Rate 7%
$4,438,157
$4.4M
Cap Rate 9%
$3,451,900
$3.5M
Market Conditions
NOI Build-Up for 29,666 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$462.8K $15.60/SF
− Vacancy
−$19.0K −$0.64/SF
EGI
$443.8K $14.96/SF
− OpEx
−$133.1K −$4.49/SF
NOI
$310.7K $10.47/SF
Area
Hampton, VA
Vacancy
4.10%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,213,420
Cap Rate 7%
$4,438,157
Cap Rate 9%
$3,451,900
Alternative Uses
Best Use
Retail
$4.44M
$3.88M – $5.18M
NOI $310,671 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.71M
$6.75M – $9.00M
NOI $540,040 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,686
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 19%
Superstores 12%
Groceries 12%
Target
Superstores
126,477 visits/mo
0.1 miles
Kroger
Groceries
72,301 visits/mo
0.4 miles
Chick-fil-A
Dining
53,886 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
47,634 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
39,631 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail space available in Hampton's Peninsula Town Center.
Where is this shopping center located?
The property is located at 4410-5100 Kilgore Ave Hampton, VA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High Traffic Location: Benefit from 6.6 million annual visits and 1.1 million unique customers.; Diverse Retail and Entertainment: Over 70 retailers, restaurants, a movie theater, and bowling alley provide a wide range of options.; Luxury Apartments: Enjoy the convenience of on‑site luxury apartments.
